AllianzGI Equity & Convertible Income Fund Reports Results for the Fiscal Quarter and Nine Months Ended October 31, 2018
28 Dicembre 2018 - 10:05PM
Business Wire
AllianzGI Equity & Convertible Income Fund (the "Fund")
(NYSE: NIE), a diversified closed-end management investment company
which seeks total return comprised of capital appreciation, current
income and gains, today announced its results for the fiscal
quarter and nine months ended October 31, 2018.
At October 31,
2018
2017
Net Assets
$625,901,972
$631,102,629 Shares Outstanding
27,708,965 27,708,965 Net Asset Value ("NAV") $22.59 $22.78 Market
Price $20.01 $20.87 Discount to NAV (11.42)% (8.38)%
Quarter ended October 31,
2018
2017
Net Investment Income $1,392,109 $2,089,922 (a) Per Share $0.05
$0.07 (a) Net Realized and Change in Unrealized Gain (Loss)
$(32,523,164) $25,413,512 (a) Per Share $(1.17) $0.93 (a)
Nine Months ended October 31,
2018
2017
Net Investment Income $4,658,501 $9,466,225 (a) Per Share $0.17
$0.34 (a) Net Realized and Change in Unrealized Gain (Loss)
$(26,409,783) $56,313,696 (a) Per Share $(0.95) $2.04 (a)
(a) Net Investment Income for the fiscal quarter and nine months
ended October 31, 2017 includes market premium amortization on
corporate bonds of $29,514 (less than $0.01 per share) and $87,683
(less than $0.01 per share), respectively. For tax purposes, the
Fund has elected not to amortize market premium on corporate
bonds.
Allianz Global Investors U.S. LLC, an indirect, wholly-owned
subsidiary of Allianz Asset Management of America L.P., serves as
the Fund's investment manager and is a member of Munich-based
Allianz Group.
The Fund's daily New York Stock Exchange closing market price,
NAV, as well as other information, is available at
us.allianzgi.com/closedendfunds or by calling the Fund's
shareholder servicing agent at (800) 254-5197.
The financial information contained herein is solely based upon
the data available at the time of publication of this press
release, and there is no assurance that any future results will be
the same or similar to the results reported herein. Information
that was obtained from third party sources we believe to be
reliable is not guaranteed as to its accuracy or completeness. This
press release contains no recommendations to buy or sell any
specific securities and should not be considered investment advice
of any kind. Past performance is no guarantee of future results and
the investment returns generated by the Fund will fluctuate. There
can be no assurance the Fund will meet its stated objective. In
making any investment decision, individuals should utilize other
information sources and the advice of their own professional
adviser.
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version on businesswire.com: https://www.businesswire.com/news/home/20181228005115/en/
For Information on Allianz Closed-End Funds:Financial
Advisors: (800) 926-4456Shareholders: (800) 254-5197Media
Relations: (212) 739-3172
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